DNV: Why Hydrogen is Not the Next LNG
DNV’s Energy Transition Outlook Hydrogen to 2060 report explains why hydrogen won’t be the next LNG.LNG emerged to monetize geographically concentrated natural gas resources and move energy from a small number of exporting regions to distant markets. Hydrogen, by contrast, will be produced in all regions, predicts DNV.As a result, hydrogen systems are shaped primarily by local production, demand patterns, and balancing requirements rather than by global resource scarcity.
Australian Quantum Sensor Company Raises Seed Funding
Deteqt, an Australian deep tech company building one of the world's most compact quantum magnetic sensors, has closed a A$5 million ($3.6 million) seed round led by Main Sequence, with participation from ATP Fund, BOKA Capital, Beaten Zone Venture Partners, Uniseed, and the University of Sydney.Deteqt's breakthrough is a chip-scale quantum magnetometer: an exquisitely sensitive sensor that combines a diamond crystal with a custom semiconductor chip…
Meyer Turku Donates Money for Professorship at Aalto University
Meyer Turku is investing in shipbuilders of the future by donating EUR 800,000 ($930,000) to Aalto University. With the donation, Aalto will establish a five-year Professor of Practice to accelerate developments in marine technology and secure expertise in the field in Finland.Aalto University’s new Professor of Practice in Interdisciplinary Naval Architecture will combine marine technology and engineering with economics, finance, contract law, as well as architecture and design.
IMO Adopts Global Code for Autonomous Ships
The IMO has adopted a new International Code of Safety for Maritime Autonomous Surface Ships (MASS Code) at the 111th session of the Maritime Safety Committee in London.The MASS Code aims to support the safe integration of autonomous and remotely operated commercial ships into global shipping. It sets out a comprehensive, goal-based framework to ensure that autonomous vessels are built, operated and…
US Scientists Forecast Below-Normal Atlantic Hurricane Season
U.S. government scientists said on Thursday they expect a below-normal Atlantic tropical storm season in 2026, likely producing one to three major hurricanes with sustained winds of at least 111 miles per hour (179 kph).Officials from the National Oceanic and Atmospheric Administration unveiled the agency’s outlook for the season, which begins on June 1 and runs through November 30.They predicted eight to 14 named tropical storms with winds of at least 39 mph…
Panama Canal Veteran Ilya Espino Appointed Next Administrator
Ilya Espino de Marotta was selected as the new administrator of the Panama Canal, Panama's President Jose Raul Mulino announced in a post on X on Thursday.Espino, an engineer who has worked for the canal for more than 40 years, has served as deputy administrator of the Canal since 2020. She will replace Ricaurte Vasquez and become the first woman to lead the entity.Shortly after Mulino's post on social media…
Fishing Boats Worldwide Stuck Dockside as Diesel Prices Surge
Captain Chris Welch of Kennebunk, Maine, is catching fewer lobsters this spring because spiking diesel prices have made it too costly to take out his fishing boat as often as he normally would.Instead of checking and re-baiting his traps every four or five days to collect the valuable crustaceans, he's doing so every seven to 10 days to conserve fuel."It cuts into your profitability at the end of the day," Welch said after fueling his vessel, Quality Time, on a rainy day at Kennebunk's harbor.
US Coast Guard Awards Contract for Construction of Training Facilities in Yorktown
The U.S. Coast Guard has awarded a $17.8 million contract to Ocean Construction Services Inc. for the construction of new engineering and weapons training facilities at Training Center (TRACEN) Yorktown, Virginia.The project is a critical step in preparing Coast Guard personnel to operate the service’s next generation of Offshore Patrol Cutters (OPCs) and Waterways Commerce Cutters (WCCs).The project will add 18…
Maritime Association of the Port of New York and New Jersey Hosts 32nd Hall of Fame Awards
Nearly 500 maritime and transportation industry leaders gathered on the evening of Wednesday, May 20, at The Lighthouse at Chelsea Piers for the sold-out 32nd International Maritime Hall of Fame Awards dinner hosted by the Maritime Association of the Port of New York and New Jersey (MAPONY/NJ). The annual event celebrated four distinguished leaders whose careers and contributions have helped shape…
Chinese Container Ship Among Few Crossing Hormuz
A Chinese-operated container ship was among the few to cross the Strait of Hormuz in the past 24 hours, data showed on Thursday, as uncertainty grows around reopening the critical waterway with talks over a deal between the U.S. and Iran deadlocked.Before the war on Iran began on February 28, shipping traffic through the strait averaged 125 to 140 daily passages. Due to the conflict, 20,000 seafarers…
Cruise Operators Face Setbacks from US Government Over Cuba Confiscations
The U.S. Supreme Court delivered a setback on Thursday to four American cruise operators that contested $440 million in combined judgments after being accused of unlawfully using docks in Cuba that were seized in 1959 by former leader Fidel Castro's communist government.The justices, in an 8-1 ruling, set aside a lower court's decision to throw out the judgments against Carnival, Norwegian Cruise Line Holdings, Royal Caribbean Cruises and MSC Cruises. The cruise operators were sued by a U.S.
India Seeks Return of Stranded Gulf Vessels Before Sending More
India wants to secure the return of its ships stranded in the Gulf before sending any vessels back to load fuel, a senior government official said on Thursday."Our priority is to get all our ships out of the Strait of Hormuz," said Mukesh Mangal, additional secretary at India's ministry of ports, shipping and waterways.India will send vessels to the west of the Strait of Hormuz "whenever the situation becomes conducive", he added.India's shipping ministry is coordinating with the foreign ministr
CIP Remains Eager to Invest in Italian Offshore Wind
Copenhagen Infrastructure Partners, a Danish firm eager to invest in Italian offshore wind farms, is getting impatient.Two years after the country's 2024 law offered incentives to would-be developers to provide offshore wind capacity, the government has yet to announce a calendar for auctions it said it would hold by 2028.The inertia reflects a reluctance to embrace the transition from fossil fuels…
Oil Prices Rise 3% As Reuters Reports Complications to US-Iran Peace
Oil prices were up 3% on Thursday after Reuters reported that Iran's Supreme Leader has issued a directive that the country's near-weapons-grade uranium should not be sent abroad, denting hopes for a swift resolution to the U.S.-Israeli war on Iran.The report, citing two senior Iranian sources, signaled that Tehran is hardening its stance on a key U.S. demand. The directive from Ayatollah Mojtaba Khamenei could further complicate negotiations and frustrate U.S.
Mitsubishi S12R Engines Used to Repower M/V Hallie M. Merrick
Canal Barge Company has repowered the M/V Hallie M. Merrick with two Mitsubishi S12R Tier3 engines rated at 1100 horsepower at 1800 RPM. The project was completed at Sterling Shipyard with support from Laborde Products, replacing the vessel’s original Cummins KTA38 engines and bringing the towboat in line with Canal Barge’s ongoing fleet-modernization program.Built in 2013, the Hallie M. Merrick is a 75-foot towing vessel.
ESAB Announces Sentinel A70 PRO Helmet
ESAB announced the launch of its Sentinel A70 PRO helmet, the company’s first premium flip-up automatic helmet designed for heavy industry. Featuring advanced optics, integrated lighting, and Bluetooth connectivity, this advanced helmet offers superior protection, comfort, and productivity with cutting-edge technology.The Sentinel A70 PRO features a 4.65 x 3.58 inch flip-up auto-darkening filter (ADF) with EN ISO V1 (1/1/1/1) optical classification.
Phoenix International Expands into Rocket Booster Recovery Sector
Phoenix International has announced their expansion into the rocket booster recovery sector, supporting commercial and government launch programs with advanced subsea search and recovery capabilities.Using our proven Remora Remotely Operated Vehicle (ROV), Towed Pinger Locator (TPL), and Side Scan Sonar systems, Phoenix provides reliable, efficient, and safe location, inspection, and recovery of rockets from ocean depths to 6…
Industry, Government Leaders Convene for Innovation Café on Small Modular Reactors
The U.S. Center for Maritime Innovation (USCMI), with the Maritime Administration and facilitated by the American Bureau of Shipping (ABS), convened maritime, energy, and public-sector leaders for its Innovation Café focused on Small Modular Reactor (SMR) technologies for maritime applications, advancing dialogue on next-generation propulsion and energy solutions for the U.S. maritime sector.As Secretariat of USCMI…
Estonian State Fleet Orders Ice-Class Hybrid-Electric Ferry
The march toward zero-emission ferry transportation continues, and this time the momentum is coming from the Baltic.Estonian State Fleet has signed a contract with Polish shipbuilder CRIST S.A. for the design and construction of what will become Estonia’s first fully electric passenger ferry, a nearly €50 million investment that underscores how aggressively regional ferry operators are moving to modernize aging fleets while cutting emissions.Set for delivery in late 2028…
Hormuz Disruption Drives Panama Canal Transits
"So far this year, ship transits via the Panama Canal have increased 8% y/y to a daily average of 38, driven by the tanker sector. Transits have been especially high during the past five weeks, rising 16% y/y, as US energy exports to the Pacific jumped,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.The Iran War and the subsequent reduction in Strait of Hormuz transits have disrupted exports from the Persian Gulf…
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